Euro zone economy to continue growing despite hiccups: Draghi

DUBLIN (Reuters) - European Central Bank President Mario Draghi downplayed a recent string is weak economic data, arguing on Thursday that the euro zone’s broad-based expansion is set to continue.

“While some sector-specific data and selected survey results have been somewhat weaker than expected, the latest incoming information overall suggests that the broad-based expansion in the euro area, and in Ireland, is set to continue,” Draghi told Irish lawmakers in a hearing.

Draghi also reaffirmed the ECB’s plans to wind down bond purchases, also known as quantitative easing, by the close of the year and to keep rates at a record low at least through next summer.

Reporting by Padraic Halpin; Writing by Balazs Koranyi; Editing by Francesco Canepa

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks outperform equity market gains

Most major producers rise but TSXV gold mixed

Platinum, palladium, copper gain on green China, supply constraints

Gold stocks continue to soar as markets stumble

Gold stocks again reach new highs